Common use of Distribution of Assets Upon Dissolution Clause in Contracts

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid to the Company’s creditors and to the Members as required by the Delaware Act and other applicable law.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Liggett Group LLC), Limited Liability Company Agreement (Accommodations Acquisition Corp), Limited Liability Company Agreement (Vector Research LLC)

Distribution of Assets Upon Dissolution. In settling accounts after dissolution, the assets of the Company shall be paid to the Company’s 's creditors and to to· the Members as required by the Delaware Act and other applicable law.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Vector Tobacco Inc.)